Innovation articles

7 07, 2023

Don’t experiment to prove. Do it to improve

By |2023-06-29T14:27:10+02:00July 7th, 2023|Innovation|0 Comments

Don't fall victim to confirmation bias. If you set up your innovation experiments to just prove or confirm what you hope to find, you will miss out on the sort of valuable information and insights you can use to actually make your solution better. Instead, focus on continuously improving. Improve. Don't prove.

11 04, 2023

You need to know your success criteria

By |2023-04-11T22:30:09+02:00April 11th, 2023|Innovation|0 Comments

Recently, I was speaking with a corporate client about a challenge they were having with their innovation process. They had just run an idea-generation challenge and received a decent number of responses from their employees about new innovations they could pursue. The issue was that the company now had no idea which of the ideas [...]

6 02, 2023

Leaders will invest less in transformational innovation due to fears over the economy

By |2023-02-06T12:49:18+01:00February 6th, 2023|Innovation|0 Comments

One of the biggest questions I am getting from businesses at the moment is what the potential impact of a recession or the slowdown of the economy might have on their innovation efforts. And according to a new report by Innovation Leader and KPMG USA called "Benchmarking Innovation Impact, from InnoLead." (available for download from [...]

12 01, 2023

“As long as my failing project keeps going, I won’t be a failure”

By |2023-01-12T17:20:09+01:00January 12th, 2023|Innovation|0 Comments

Is it better to have grit, or know when to quit? A few weeks ago I was listen to an excellent episode of the Innovation Show podcast, with guest Annie Duke. It was about her new book "Quit: The Power of Knowing When to Walk Away", and there was one topic they spoke about which [...]

13 12, 2022

Top 5: How to plan your 2023 innovation activities and events for maximum success

By |2022-12-13T20:26:15+01:00December 13th, 2022|Innovation|0 Comments

Hi there, With 2022 almost behind us, a lot of companies and teams are planning their next steps for 2023. This is especially true for venture and innovation teams, who let's face it, many of whom had a very tough 2022. With the global economy stalling and fear of an upcoming recession, many companies have [...]

28 11, 2022

Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

By |2022-11-28T19:12:15+01:00November 28th, 2022|Innovation|0 Comments

How much of your innovation budget and innovation efforts should focus on improving your existing business, and how much should seek to explore and transform your business for the future? This is one of the fundamental strategic questions which every business leader needs to consider. One of the best ways to assess what proportions your [...]

21 11, 2022

Why Facebook needed to let go of 13% of their workforce

By |2022-11-21T20:19:29+01:00November 21st, 2022|Innovation|0 Comments

While the massive layoffs at meta are terrible, it sadly shows one of the major issues that companies struggle with when they try to grow and innovate too quickly ... facebook tried a huge number of innovation projects which failed. But this was not the problem. As I read in a wonderful WIRED article: Remember [...]

7 11, 2022

L.I.V.E. (Lean Innovation, Validation & Execution): A new, more effective way to manage multiple innovation projects

By |2022-11-10T15:59:38+01:00November 7th, 2022|Innovation|0 Comments

This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. And this is true. Traditional project management and financial management processes [...]

28 10, 2022

Opportunity cost

By |2022-10-28T09:36:10+02:00October 28th, 2022|Innovation|0 Comments

Every choice you make comes with trade-offs. This is especially true when it comes to strategic decisions around innovation. If you choose to spend your time, focus, effort and money developing one idea or innovation, it means you cannot spend those same resources on other ideas. Therefore, you must give up the opportunity to do [...]